Daily Pivots: (S1) 1.0945; (P) 1.0957; (R1) 1.0964; More….

With 1.0912 minor support intact, rebound could be seen in EUR/CHF. But overall, outlook stays bearish as long as 1.1026 resistance holds. On the downside, break of 1.0912 minor support will bring retest of 1.0863 low. Break there will resume whole fall from 1.1149. On the upside, break of 1.1026 will be the first sign of near term bullish reversal.

In the bigger picture, current development argues that rebound from 1.0505 might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1077) at least keeps medium term bearishness open. Sustained break of 1.0737 support will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0879) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0735; (P) 1.0775; (R1) 1.0795; More…

EUR/CHF is still bounded in sideway trading and intraday bias remains neutral first. Further rise is expected as long as 1.0712 support holds. On the upside, above 1.0838 will target 1.0915 resistance first. Break there will resume whole rally from 1.0503 to 1.0503 to 100% projection of 1.0503 to 1.0915 from 1.0602 at 1.1014 next. On the downside, break of 1.0712 support will dampen our bullish view. Intraday bias will be turned back to the downside for 1.0602, to extend the corrective pattern from 1.0915 instead.

In the bigger picture, as long as 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) holds, price actions from 1.0503 are seen as a consolidation pattern. That is, down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

Daily Pivots: (S1) 1.0874; (P) 1.0890; (R1) 1.0909; More…

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0856 temporary low. On the downside, break of 1.0856 will target 1.0811 low. Decisive break there will resume larger down trend. On the upside, break of 1.0926 minor resistance will turn bias back to the upside for recovery. Overall outlook is unchanged that’s consolidation from 1.0811 might extend. In case of another recovery, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.1552; (P) 1.1590; (R1) 1.1627; More….

Further rise is still expected in EUR/CHF as long as 1.1523 minor support holds. Medium term rally is possibly resuming. Sustained trading above 1.1622 resistance pave the way to 1.2 key level. On the downside, below 1.1523 will dampen this bullish case and turn bias to the downside for 1.1387 instead. In that case, consolidation from 1.1622 will extend for a while.

In the bigger picture, long term rise from SNB spike low back in 2015 is still in progress. EUR/CHF should now be heading back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1198 resistance turned support holds.

Daily Pivots: (S1) 1.0763; (P) 1.0812; (R1) 1.0880; More…

EUR/CHF’s rally resumed quickly after brief retreat and hits as high as 1.0860 so far today. Intraday bias is back on the upside. The firm break of 1.0811 key resistance carry larger bullish implications. Further rise should be seen to 1.1059 cluster resistance next. On the downside, break of 1.0744 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, the strong break of both 1.0811 key support turned resistance suggests that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Further rally should now be seen to 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076 next). Reaction from there should reveal whether current rise from 1.0503 is merely a correction, or reversing the down trend.

Daily Pivots: (S1) 1.1729; (P) 1.1752; (R1) 1.1792; More…

Intraday bias in EUR/CHF stays neutral first. As 1.1683 support holds, near term outlook stays bullish for further rally. Again, considering relatively weak upside momentum, in case of another rise, we’d expect strong resistance below 1.2 handle to bring medium term reversal. Break of 1.1683 support will be a early sign of reversal and turn focus to 1.1602 support.

In the bigger picture, while a medium term top could be around the corner, there is no change in the larger outlook. That is, long term rise from SNB spike low back in 2015 is still in progress and would extend. As long as 1.1198 resistance turned support holds, we’ll hold on to this bullish view and expect further rise to prior SNB imposed floor at 1.2000 and above. Though, we’ll reassess the outlook if 1.1198 is firmly taken out.

EUR/CHF’s uptrend resumed last week and edged higher to 1.1721 but retreated since then. Initial bias is neutral this week for consolidation first. Another rise will be in favor as long as 1.1638 minor support holds. Above 1.1721 will turn bias back to the upside for 1.2 key level. However, below 1.1638 will turn bias to the downside for 1.1541 support.

In the bigger picture, long term rise from SNB spike low back in 2015 is still in progress. EUR/CHF should now be heading back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1355 support holds. However, break of 1.1355 will indicate medium term topping. In that case, EUR/CHF should head back to 55 week EMA (now at 1.1116) and possibly below.

Daily Pivots: (S1) 1.0946; (P) 1.0961; (R1) 1.0990; More….

Range trading continues in EUR/CHF and outlook is unchanged. Intraday bias remains neutral first. With 1.0915 cluster support (38.2% retracement 1.0505 to 1.1149 at 1.0903) intact, we’re still seeing price actions from 1.1149 as a consolidation pattern. On the upside, break of 1.1026 resistance would argue that larger up trend is ready to resume and bring retest of 1.1149 first. However, on the downside, sustained break of 1.0903/15 will suggest bearish reversal, or at least bring deeper fall to next cluster support zone at 1.0737 support zone (61.8% retracement at 1.0751).

In the bigger picture, whole down trend from 2004 (2018 high) should have completed at 1.0503. Rise from there is starting a medium term up trend. Next target is 61.8% retracement of 1.2004 to 1.0503 at 1.1431 and above. This will now remain the favored case as long as 1.0915 resistance turned support holds. However, sustained break of 1.0915 will argue that rise from 1.0503 might be completed,. Rejection by 55 month EMA would also keep long term outlook bearish.

Daily Pivots: (S1) 1.0811; (P) 1.0831; (R1) 1.0844; More….

No change in EUR/CHF’s outlook as fall from 1.1149 is in progress. Intraday bias stays on the downside for 1.0737 cluster support next. On the upside, above 1.0866 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 1.0985 resistance holds, in case of recovery.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0937; (P) 1.0956; (R1) 1.0984; More…

EUR/CHF is staying in consolidation from 1.0811 and intraday bias remains neutral first. Further rise cannot be ruled out. But upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1605 to bring fall resumption. On the downside, break of 1.0811 will resume larger down trend from 1.2004.

In the bigger picture, down trend from 1.2004 is (2018 high) still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.0321; (P) 1.0394; (R1) 1.0432; More….

EUR/CHF’s fall from 1.0610 is still in progress and intraday bias stays on the downside for 1.0298 low. Decisive break there will confirm larger down trend resumption. Next target is 61.8% projection of 1.0936 to 1.0298 from 1.0610 at 1.0216. On the upside, above 1.0435 minor resistance will delay the bearish case and turn intraday bias neutral first.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0667) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

EUR/CHF’s fall from 1.2004 accelerated steeply to as low as 1.1531 last week. The development confirmed medium term topping at 1.2004. Initial bias is on the downside this week for 1.1445 key support zone. For now, we’d expect strong support from 1.1445 to contain downside, at least on first attempt, to bring rebound. On the upside, above 1.1641 minor resistance will turn bias to the upside for rebound.

In the bigger picture, current development suggests solid rejection by prior SNB imposed floor at 1.2000. Considering bearish divergence condition in daily MACD, 1.2004 should be a medium term top. And price action from 1.2004 is correcting the up trend from 1.0629. Hence, for now, deeper fall could be seen back to 1.1445, which is close to 38.2% retracement of 1.0629 to 1.2004 at 1.1479. We’d expect strong support from there to bring rebound to extend the medium term corrective pattern. However, sustained break of 1.1445 will target next key cluster level at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154.

Daily Pivots: (S1) 1.0822; (P) 1.0847; (R1) 1.0860; More…

The break of 1.0837 suggests that correction from 1.0986 is resuming. Intraday bias is mildly on the downside for deeper fall. Still, we’d expect strong support from 1.0791/0872 support zone to bring rebound. On the upside, break of 1.0908 resistance will argue that such correction is completed and turn bias to the upside for retesting 1.0987/0999 resistance zone.

In the bigger picture, the price actions from 1.1198 are seen as a corrective move. Such correction could have completed after defending 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Decisive break of 1.0999 resistance will target a test on 1.1198 high. For now, this will be the preferred case as long as 1.0791 support holds.

Daily Pivots: (S1) 1.0352; (P) 1.0369; (R1) 1.0392; More….

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0298 is extending. Upside of recovery should be limited well below 1.0510 resistance to bring another fall. Break of 1.0298 will resume the down trend from 1.1149 and target 161.8% projection of 1.1149 to 1.0694 from 1.0936 at 1.0200 next.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. On the upside, firm break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of rebound.

Daily Pivots: (S1) 0.9736; (P) 0.9756; (R1) 0.9789; More…

Intraday bias in EUR/CHF is turned neutral with current development. But another fall cannot be ruled out, to retest 0.9670 low. Sustained break there will resume the whole fall from 1.0095. Nevertheless, break of 0.9840 will resume the rebound from 0.9670 to 0.9878 resistance.

In the bigger picture, medium term outlook is staying bearish as the pair is capped below falling 55 W EMA (now at 0.9918). Down trend form 1.2004 (2018 high) is in favor to extend through 0.9407 at a later stage. Nevertheless, decisive break of 38.2% retracement of 1.1149 to 0.9407 will raise the chance of bullish trend reversal.

Daily Pivots: (S1) 1.1429; (P) 1.1456; (R1) 1.1474; More…

EUR/CHF is still bounded in consolidation below 1.1491 and intraday bias remains neural first. Further rally is expected as long as 1.1368 minor support holds. Above 1.1491 will target 1.1713 resistance for confirming bullish trend reversal. On the downside, however, break of 1.1368 minor support will argue that the rebound has completed and turn bias back to the downside for 1.1154/98 zone again.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1234) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

Daily Pivots: (S1) 1.0923; (P) 1.0950; (R1) 1.0964; More….

Outlook in EUR/CHF remains unchanged and intraday bias stays neutral first. As long as 1.0915 cluster support (38.2% retracement 1.0505 to 1.1149 at 1.0903) holds, we’d still treat the price actions from 1.1149 as a correction. Break of 1.1026 resistance would argue that larger up trend is resuming. However, sustained break of 1.0903/15 will suggest bearish reversal, or at least bring deeper fall to next cluster support zone at 1.0737 support zone (61.8% retracement at 1.0751).

In the bigger picture, whole down trend from 2004 (2018 high) should have completed at 1.0503. Rise from there is starting a medium term up trend. Next target is 61.8% retracement of 1.2004 to 1.0503 at 1.1431 and above. This will now remain the favored case as long as 1.0915 resistance turned support holds. However, sustained break of 1.0915 will argue that rise from 1.0503 might be completed, and bring deeper fall to 1.0737 support next.

Daily Pivots: (S1) 0.9450; (P) 0.9488; (R1) 0.9540; More….

EUR/CHF is staying in consolidation from 0.9470 and intraday bias remains neutral at this point. Outlook remains bearish with 0.9712 resistance intact. Break of 0.9407 will resume larger down trend. Next target is 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

Daily Pivots: (S1) 1.0914; (P) 1.0954; (R1) 1.0979; More…

Intraday bias in EUR/CHF remains on the downside at this point. Rise form 1.0863 should have completed at 1.1027. Deeper fall should be seen back to 1.0811/63 support zone. Decisive break there will indicate larger down trend resumption. On the upside, above 1.0973 minor resistance will turn intraday bias neutral first. In case of another rise, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065).

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.9471; (P) 0.9485; (R1) 0.9511; More…

Intraday bias in EUR/CHF remains neutral as range trading continues. Outlook remains bearish with 0.9532 resistance intact. On the downside, decisive break of 0.9407 medium term bottom will confirm resumption of larger down trend. Next near term target will be 100% projection of 0.9840 to 0.9520 from 0.9691 at 0.9499, and then 161.8% projection at 0.9179. However, firm break of 0.9532 will confirm short term bottoming, and turn bias to the upside for 0.9691 resistance instead.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish.